Regulation
Tucker to leave BoE to study in the US
Bank of England’s deputy governor Paul Tucker is to leave his job ahead of his contracted term to spend “a period of time in academia” in the United States.
Gibraltar finance exec insists it has no reputational issues after recent failures
The regulation of Gibraltar’s insurance sector is “strong and robust” according to Mike Ashton, senior executive in the government's finance department.
Post magazine - 13 June 2013
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Lords: Independent body must oversee mesothelioma compensation scheme
Labour MPs criticise unfair start date that excludes half of all sufferers
FCA tells sector to change its ways in motor legal expenses insurance review
Industry reacts to recommendations including opt-in sale of MLEI cover
Editor's comment: Ringing the changes
The Financial Conduct Authority’s review of motor legal expenses insurance was given an airy response by the LEI sector.
Levene calls for clarity around Co-op's failed bid for Lloyds branches
Former Lloyd's chairman Lord Levene has called on government to confirm whether it favoured the Co-operative Bank's takeover bid of 632 Lloyds Banking Group branches over one by his own vehicle, NBNK.
Biba MLEI’s views are ‘completely aligned’ with the FCA’s
The British Insurance Brokers’ Association views on motor legal expenses insurance views are “completely aligned” with that of the Financial Conduct Authority, as laid out in a document published earlier today, according to Biba’s Graeme Trudgill.
Brit chairman Prettejohn joins PRA board
Brit Insurance chairman and former Lloyd’s chief executive Nick Prettejohn is joining the board of the Prudential Regulation Authority following approval by the Chancellor of the Exchequer.
Post magazine - 6 June 2013
In Post this week, could the continuing economic difficulties faced by Spain be behind accusations that its public hospitals are refusing to accept European Health Insurance cards presented by holidaymakers when seeking medical attention?
European regulators’ inability to find traction leaves loss adjusters in limbo
FCA regulation and claims certification touted as solutions to IMDII removal
MPs call for withdrawal of parts of Mesothelioma Bill
Six MPs have called for the exclusion of certain parts of the Mesothelioma Bill, ahead of its discussion in the House of Lords today.
Interview: Chris McGloin: Up for the fight
Incoming Airmic chairman Chris McGloin is about to find himself at the forefront of an organisation with a lot on its plate. As he takes the reins during Airmic’s 50th anniversary year, he explains why he’s feeling optimistic
Apil calls for independent assessment of Mesothelioma Bill
The Mesothelioma Bill must be subject to robust independent scrutiny, the Association of Personal Injury Lawyers has warned ahead of a House of Lords debate tomorrow (5 June 2013).
Another lobbying scandal: how much longer before the government acts?
News of further lobbying scandals broke last week and hit the headlines of most of the national papers over the weekend.
Axa chief urges French president to learn from British mistakes
Axa chairman and chief executive Henri de Castries has called for French president François Hollande to "learn the lessons of Britain's experience" in the 1970s and tackle the levels of debt in France's economy.
Pressure mounts for riot damages reform
MPs and local authorities are keeping up the pressure to get a better deal for property owners and businesses in the wake of the riots of summer 2011.
DAC Beachcroft appoints former regulator to Madrid practice
International law firm DAC Beachcroft has appointed a new partner to its Madrid-based insurance regulatory practice.
Travel premiums set to rise if insurance is used as substitute of EHIC
Travel insurance premiums for countries like Spain, Greece and Cyprus are set to rise if European nations keep referring people to private hospitals instead of providing the care they are entitled to under European Law, Columbus Direct has warned.
Hong Kong’s slow moving health market
Although health insurance could be described as a sleepy business in Hong Kong, potential government reforms could bring about a shake-up in the market as Andrew Tjaardstra reports.
Spain investigated by EC over health insurance card failures
The European Commission has demanded information from Spain over complaints that Spanish hospitals are refusing to honour the European Health Insurance Card scheme.
Over 50% of insurers lack proper conduct risk strategy
More than half of insurers do not have a clearly defined conduct risk strategy in place, a PWC survey found.
Are loss adjusters better off out of the IMD?
Earlier this week Post reported that the European Commission has excluded the direct regulation of loss adjusters and claims management firms from the second draft of the Insurance Mediation Directive.
Post magazine – 30 May 2013
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.